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Fed official Miran just dropped a comment that's worth noting for anyone tracking macro signals. Even if the government shutdown drama wraps up soon, he's not seeing it as a game-changer for the economic outlook. That's the key takeaway from his latest media appearance.
What does this mean? Basically, the Fed's view on where the economy's headed remains steady regardless of short-term political noise in Washington. For those of us watching interest rate decisions and their ripple effects on risk assets, this suggests the central bank isn't letting temporary fiscal hiccups derail their policy trajectory.
The shutdown concerns have been floating around, but Miran's stance indicates the Fed's looking past the immediate chaos. Their focus stays locked on bigger trends—inflation data, employment numbers, and longer-term growth patterns. Political theater? Not moving the needle on their game plan.